New Air / Wan Anas Wan Mohamad Khazeri

• Main Author: Mohamad Khazeri, Wan Anas Wan
• Format: Entrepreneurship Project
• Language: English
• Published: 2022
• Subjects: Entrepreneurship. Risk and uncertainty; Industrial research. Research and development
• Online Access: https://ir.uitm.edu.my/id/eprint/60773/1/60773.pdf; https://ir.uitm.edu.my/id/eprint/60773/

This is an attempt to know how the theories can be applied to practical situation. As a student in UiTM Perlis, it is a part of study for everyone to undergo a case study project. So, for this purpose, we got the opportunity to research a company which manufactured the same product that we want to develop, which is NewAir ice maker company, currently based in California. In the first part of the project report, the general information of the company has been collected. Information is gathered through the primary and secondary source as well. In the second part of the report, contains the specialized subject study. Objective of the project is to work on the background, organizational structure, products and services that NewAir provides. Next, we study about the technology of NewAir ice maker, which is basically a normal technology used by the refrigerator in freezer section, as well as business, marketing and its operational strategy used by the company to promote their products which we find quite interesting. Lastly, we research about the company financial achievements regarding how they manage their financial as well as achievements gain from the financial management. Goals indicate what a business unit wants to achieve. Strategy is an action plan for getting the goals. Every business must design a strategy for achieving its goals, consisting of a marketing strategy, and an effective management. In this case study, we analyzed the strength, weaknesses, opportunities and threats of this company in real business world by using SWOT analysis. Thus, from the needs and demands from the existing consumers of this company, we analysed and find a solution to overcome and to fulfil their needs in Consumer Trend Canvas (CTC) analysis, making it as our innovation to be continued in new Product Development task